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Gaining Traction Above 55-WMA...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Gaining Traction Above 55-WMA 
*RES 4: Gbp0.9013 Monthly High Nov 15 
*RES 3: Gbp0.8981 High Nov 28 
*RES 2: Gbp0.8967 2018 High Mar 7 
*RES 1: Gbp0.8904 Low Mar 8 now resistance
*PRICE: Gbp0.8884 @ 0430GMT
*SUP 1: Gbp0.8860 55-WMA 
*SUP 2: Gbp0.8837 Hourly support June 29 
*SUP 3: Gbp0.8819 200-DMA 
*SUP 4: Gbp0.8779 Low June 25
*COMMENTARY: Pressure on the 200-DMA and 55-WMA has taken its toll with the pair
looking bid and gaining traction above the 55-WMA with focus now shifting to
Gbp0.8967 2018 highs. Bulls look for a close above 2018 highs to confirm focus
on Gbp0.9013-0.9107. Layers of support are accumulating with bears now need a
close below the 200-DMA to ease bullish pressure. The Bollinger top (Gbp0.8858)
is the key concern for bulls with potential to limit follow through.

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